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Jordan: VW close to Red Bull buyout
Volkswagen look set to complete a buy-out deal of the Red Bull Racing team, according to former team owner and BBC pundit Eddie Jordan. The car manufacturing giant has been linked with the sport for several years, but efforts to join have repeatedly been blocked by group chairman Ferdinand Piech. However, he left his position earlier in the year, which appears to have paved the way for VW to become a manufacturer in Formula One. Red Bull Racing have also faced a power unit dilemma this year, and look to be splitting from their long-term association with Renault, following team owner Dietrich Mateschitz's comments to Speedweek earlier this week, where he said a split was confirmed 'a few...
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10y ago from FormulaSpy.com
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